The IMF’s latest World Economic Outlook shows India as the fastest growing large economy in the world in 2021 and 2022 with growth rates of 8.5 percent (assisted by the base effect) and 6.8 percent for 2021 and 2022 respectively.
Investing in bonds, debt mutual funds or Public Provident Funds will get you slightly higher returns than FDs. While these investments certainly beat inflation, you would need more rewarding options to generate long-term wealth.
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